Golden agriculture closed above the declining 100wMA today on low volume. This being the weekly chart, we have to see if it stays above the 100wMA at the end of the week.
Even though there is a negative divergence between price and volume, I see limited downside with all the MAs rising and within close proximity of each other on the daily chart. However, without a surge in buying momentum or some positive catalyst, this counter might end up moving sideways for a while.
The FA for crude palm oil (CPO) and for Golden Agriculture remains positive. Patience will be rewarded.
FAKE ASSI AK71 IN HWZ.
Featured blog.
1M50 CPF millionaire in 2021!
Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...
"E-book" by AK
Second "e-book".
Another free "e-book".
4th free "e-book".
Financially free and Facebook free!
Subscribe To ASSI
Posts
Comments
Bloggy Award
2 comments:
looks like u didn't have to wait too long.
53.5 as of now =D
K
Closing above the 100wMA resistance at 51c cleared the way for it to move higher. It just needed some buying momentum. It did a nice gap up today and is now met with resistance at 54c. This is a short term resistance provided by the 123.6% Fibo line.
Post a Comment